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3 Numbers: UK industrial output on track to rebound
The UK economy is under the microscope today with the release of two reports. First, the government publishes an update on industrial production for November, followed by the Q4 GDP estimate from the National Institute of Economic and Social Research (NIESR). Meantime, keep a close eye on the 10-year Treasury yield in the wake of bond manager Bill Gross’s warning that a jump above the 2.60% rate would mark the end of the bull market for bonds. UK: Industrial Production (0930 GMT) Analysts are expecting a rebound for Britain’s industrial sector in November. If the projections are right, the news will further boost ... (full story)